Vanguard Mega Cap ETF (NYSEARCA:MGC) Hits New 52-Week High – Here’s Why

Vanguard Mega Cap ETF (NYSEARCA:MGC)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $221.58 and last traded at $221.48, with a volume of 73649 shares. The stock had previously closed at $219.09.

Vanguard Mega Cap ETF Trading Up 0.0 %

The business has a 50 day moving average price of $216.95 and a 200-day moving average price of $209.49. The company has a market cap of $6.39 billion, a P/E ratio of 26.93 and a beta of 1.02.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in shares of Vanguard Mega Cap ETF by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 554,056 shares of the company’s stock worth $117,826,000 after purchasing an additional 93,556 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of Vanguard Mega Cap ETF by 3.3% during the fourth quarter. New York Life Investment Management LLC now owns 536,666 shares of the company’s stock worth $114,127,000 after buying an additional 17,030 shares in the last quarter. Leavell Investment Management Inc. boosted its position in shares of Vanguard Mega Cap ETF by 3.3% in the fourth quarter. Leavell Investment Management Inc. now owns 470,036 shares of the company’s stock valued at $99,958,000 after acquiring an additional 15,008 shares during the period. LPL Financial LLC grew its stake in shares of Vanguard Mega Cap ETF by 13.5% in the fourth quarter. LPL Financial LLC now owns 429,445 shares of the company’s stock valued at $91,326,000 after acquiring an additional 51,072 shares in the last quarter. Finally, Cadence Bank increased its position in Vanguard Mega Cap ETF by 0.8% during the fourth quarter. Cadence Bank now owns 424,837 shares of the company’s stock worth $90,346,000 after acquiring an additional 3,458 shares during the period.

Vanguard Mega Cap ETF Company Profile

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.